Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $1.6M paid to officers and key staff.
Gina Lynch’s $217K as Superintendent/Executive Director is at the 43rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Laura Herman | — | — | — | — | — | $321,555 |
| Gina Lynch | $216,789 | $73,655 | — | — | — | — |
| Julie Braswell | $140,984 | $200,984 | $180,000 | $172,500 | $103,440 | — |
| Gary Schatz | $179,472 | $154,934 | $135,353 | $124,000 | — | — |
| Julie Lovvik | $175,101 | $155,875 | $146,381 | — | — | — |
| Timothy Lankford | $169,533 | $133,576 | — | — | — | — |
| Paul Dilger | $166,405 | $151,757 | $148,260 | $125,100 | $139,691 | $122,430 |
| Christopher Riley | $158,538 | $139,127 | $113,199 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates TK-12 students with a STEM focus through a public charter school.
Questions for Palmdale Aerospace Academy INC
Your first name shows with your question. Palmdale Aerospace Academy INC answers here, for everyone.
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Operation of a public charter school with a vision to provide an engaging environment for learning in grades TK-12. Our graduates will be supported, encouraged, and challenged to develop the following competencies that they will use for the rest of their lives: -ethical, responsible citizens who lead with integrity -flexible, adaptable…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $26.6M | $28.7M |
| Land, buildings, equipmentLn 10c | $3.0M | $6.1M |
| Total assetsLn 16 | $117.3M | $118.6M |
| LiabilitiesLn 26 | $93.1M | $91.1M |
| Net assetsLn 32 | $24.1M | $27.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $393K | $269K | $125K | |
| Other salaries and wagesLn 7 | $19.4M | $16.3M | $3.1M | |
| Pension plan contributionsLn 8 | $3.4M | $3.1M | $269K | |
| Other employee benefitsLn 9 | $4.2M | $3.6M | $576K | |
| Payroll taxesLn 10 | $846K | $683K | $163K | |
| Legal feesLn 11b | $789K | $789K | ||
| Other fees for servicesLn 11g | $2.8M | $978K | $1.8M | |
| Office expensesLn 13 | $196K | $166K | $30K | |
| Information technologyLn 14 | $466K | $466K | ||
| OccupancyLn 16 | $285K | $285K | ||
| TravelLn 17 | $69K | $69K | ||
| Conferences, conventions and meetingsLn 19 | $394K | $98K | $296K | |
| InterestLn 20 | $93K | $93K | ||
| Depreciation, depletion and amortizationLn 22 | $5.7M | $5.1M | $611K | |
| InsuranceLn 23 | $392K | $392K | ||
| Other expenses (24a–d)Ln 24 | $3.6M | $3.2M | $447K | |
| Total functional expensesLn 25 | $43.0M | $34.8M | $8.1M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $46.4M | $43.0M | $3.4M | $27.5M | 990 PDF |
| FY2024 | $43.7M | $39.3M | $4.3M | $24.1M | 990 PDF |
| FY2023 | $51.6M | $40.4M | $11.2M | $28.6M | 990 PDF |
| FY2022 | $36.7M | $35.0M | $1.7M | $18.8M | 990 PDF |
| FY2021 | $35.6M | $29.3M | $6.3M | $17.1M | 990 PDF |
| FY2020 | $32.4M | $31.3M | $1.1M | $10.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $46,356,913 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $46,356,913 across 7 lines filed
Part IX · Statement of functional expenses $42,980,485 across 16 lines filed
Part X · Balance sheet $118,636,057 assets, 13 lines filed
Part XI · Reconciliation of net assets $27,510,587 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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